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Compute nokia current ratio for both years

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Reference no: EM13529448

Nokia is a leading global manufacturer of mobile devices and services. The following selected information is available from Nokia's financial statements.

(Euro million)

Current Year

Prior Year

Current assets

23,613

24,470

Current liabilities

15,188

20,355

Required

1. Compute Nokia's current ratio for both the current year and the prior year.

2. Comment on any change from the prior year to the current year for the current ratio.

Reference no: EM13529448

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